Full Text of HB4414 100th General Assembly
HB4414 100TH GENERAL ASSEMBLY |
| | 100TH GENERAL ASSEMBLY
State of Illinois
2017 and 2018 HB4414 Introduced , by Rep. Carol Ammons SYNOPSIS AS INTRODUCED: |
| 40 ILCS 5/14-135.09 | from Ch. 108 1/2, par. 14-135.09 | 40 ILCS 5/15-169 | from Ch. 108 1/2, par. 15-169 | 40 ILCS 5/16-169 | from Ch. 108 1/2, par. 16-169 | 40 ILCS 5/17-140.5 new | |
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Amends the State Employees, State Universities, and Downstate Teachers Articles of the Illinois Pension Code. Provides that on or after the effective date of the amendatory Act, appointments to the position of executive director or chief investment officer must be made with the advice and consent of the Senate. Amends the Chicago Teachers Article of the Illinois Pension Code. Provides that on or after the effective date of the amendatory Act, appointments to the position of executive director, chief investment officer, or chief legal officer must be made with the advice and consent of the Senate. Effective immediately.
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| | FISCAL NOTE ACT MAY APPLY | | PENSION IMPACT NOTE ACT MAY APPLY |
| | A BILL FOR |
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| 1 | | AN ACT concerning public employee benefits.
| 2 | | Be it enacted by the People of the State of Illinois,
| 3 | | represented in the General Assembly:
| 4 | | Section 5. The Illinois Pension Code is amended by changing | 5 | | Sections 14-135.09, 15-169, and 16-169 and by adding Section | 6 | | 17-140.5 as follows:
| 7 | | (40 ILCS 5/14-135.09) (from Ch. 108 1/2, par. 14-135.09)
| 8 | | Sec. 14-135.09. To obtain services. To obtain, pursuant to | 9 | | the "Personnel
Code", approved July 18, 1955, as now or | 10 | | hereafter amended, an executive
secretary, an actuary and such | 11 | | medical
and other services as shall be required to transact the | 12 | | business of the
system; and to pay the expenses of the board | 13 | | necessary for the operation
of the system at such rates and in | 14 | | such amounts as the board determines
and approves.
| 15 | | On or after the effective date of this amendatory Act of | 16 | | the 100th General Assembly, appointments to the position of | 17 | | executive director or chief investment officer must be made | 18 | | with the advice and consent of the Senate. | 19 | | (Source: P.A. 80-841.)
| 20 | | (40 ILCS 5/15-169) (from Ch. 108 1/2, par. 15-169)
| 21 | | Sec. 15-169. To elect officers and appoint employees. To | 22 | | elect officers; to appoint a secretary and treasurer; to have a |
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| 1 | | seal;
to employ and fix the rate of pay of such actuarial, | 2 | | legal, clerical, audit, medical, or other services, or | 3 | | corporate trustee
organized under the laws of this State with a | 4 | | capital of not less than
$1,000,000, or investment counsel and | 5 | | other persons as shall be required
for the efficient | 6 | | administration of the system.
All actions brought by or against | 7 | | the board shall be prosecuted or
defended by the Attorney | 8 | | General. If the board pursues a mandamus action under Section | 9 | | 15-156 of this Code as amended by Senate Bill No. 1 of the 98th | 10 | | General Assembly in the form passed by the General Assembly, | 11 | | then the board may select the counsel of their choice.
| 12 | | On or after the effective date of this amendatory Act of | 13 | | the 100th General Assembly, appointments to the position of | 14 | | executive director or chief investment officer must be made | 15 | | with the advice and consent of the Senate. | 16 | | (Source: P.A. 98-92, eff. 7-16-13; 98-598, eff. 12-5-13.)
| 17 | | (40 ILCS 5/16-169) (from Ch. 108 1/2, par. 16-169)
| 18 | | Sec. 16-169. Board - secretary and other employees. The | 19 | | board, by a majority vote of all its members and with the | 20 | | advice and consent of the Senate if the appointment is on or | 21 | | after the effective date of this amendatory Act of the 100th | 22 | | General Assembly , shall appoint a
secretary who shall not be a | 23 | | member of the board and who shall serve as
the chief executive | 24 | | officer responsible for the detailed administration
of the | 25 | | system.
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| 1 | | Appointments to the position of chief investment officer | 2 | | must be made with the advice and consent of the Senate. | 3 | | The secretary and chief executive officer of the system, | 4 | | known as the Executive Director, holding that position on April | 5 | | 1, 2009 is terminated on July 1, 2009, by operation of law, and | 6 | | shall thereafter no longer hold those positions or any other | 7 | | employment position with the system. The board is directed to | 8 | | take whatever action is necessary to effectuate this | 9 | | termination. | 10 | | (Source: P.A. 96-6, eff. 4-3-09.)
| 11 | | (40 ILCS 5/17-140.5 new) | 12 | | Sec. 17-140.5. Executive director; chief investment | 13 | | officer; chief legal officer. On or after the effective date of | 14 | | this amendatory Act of the 100th General Assembly, appointments | 15 | | to the position of executive director, chief investment | 16 | | officer, or chief legal officer must be made with the advice | 17 | | and consent of the Senate.
| 18 | | Section 99. Effective date. This Act takes effect upon | 19 | | becoming law.
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